Downgrading EPS by 8-10% for FY10 and FY11,maintain price target: Adjusted for treasury shares, RIL trades at 13.5x FY11Eadj. EPS of Rs82. We maintain our SOTP based price for RIL is Rs828/share(increased EV/EBITDA multiple for petchem and refining to 6.8x from 6x).Besides, we believe there’s a potential E&P upside of Rs240/share. Weremain positive on RIL mainly due to its large E&P potential. We maintain BUY.
Sesa Goa –Buy- India Infoline
A move past the levels of Rs385 could take the stock towards the levels of Rs400 in the short-term. Keeping in mind the above-mentioned evidences, we recommend high risk traders to BUY the stock between the range of Rs376-385 with a stop loss of Rs370 for a target of Rs400
Infosys -Accumulate- Angel Broking
Initially, the three vendors are expected toearn Rs250 crore to Rs300 crore each annually. The figure is set to grow as Wal-Martincreases the outsourcing of work from its main merchandising division. Infosysand Cognizant are expected to garner a larger share of the pie between them. Wemaintain an ACCUMULATE on Infosys, with a target price of Rs2,475
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